Apollo Retained Earnings vs Total Current Liabilities Analysis

APOLLOTYRE

521.45 7.70 1.50%

Apollo Tyres financial indicator trend analysis is way more than just evaluating Apollo Tyres Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Apollo Tyres Limited is a good investment. Please check the relationship between Apollo Tyres Retained Earnings and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apollo Tyres Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Retained Earnings vs Total Current Liabilities

Retained Earnings vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Apollo Tyres Limited Retained Earnings account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.

The correlation between Apollo Tyres' Retained Earnings and Total Current Liabilities is 0.7. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Apollo Tyres Limited, assuming nothing else is changed. The correlation between historical values of Apollo Tyres' Retained Earnings and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Apollo Tyres Limited are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Retained Earnings i.e., Apollo Tyres' Retained Earnings and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.7

Relationship Direction	Positive
Relationship Strength	Significant

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Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Total Current Liabilities

Total Current Liabilities is an item on Apollo Tyres balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Apollo Tyres Limited are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most indicators from Apollo Tyres' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Apollo Tyres Limited current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apollo Tyres Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Selling General Administrative is likely to gain to about 31.6 B in 2024. Tax Provision is likely to gain to about 8.6 B in 2024

	2021	2022	2023	2024 (projected)
Interest Expense	4.3B	5.3B	5.1B	5.3B
Depreciation And Amortization	14.0B	14.2B	14.8B	15.5B

Interest Expense Depreciation And Amortization

Apollo Tyres fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Current Deferred Revenue
Total Assets		0.92	0.6	0.97	0.86	0.91	0.9	0.74	0.96	0.84	0.92	0.28	0.77	0.64	0.39	0.89	0.57	0.95	0.96	0.36	-0.2	0.99	0.95	0.9	0.91	0.57
Short Long Term Debt Total	0.92		0.56	0.88	0.74	0.88	1.0	0.59	0.88	0.71	0.88	0.22	0.67	0.41	0.25	0.73	0.5	0.99	0.84	0.28	-0.26	0.97	0.79	0.85	0.76	0.56
Other Current Liab	0.6	0.56		0.68	0.64	0.68	0.53	0.57	0.7	0.58	0.66	-0.31	0.59	0.62	0.1	0.65	0.5	0.57	0.58	0.47	-0.11	0.64	0.64	0.56	0.69	0.19
Total Current Liabilities	0.97	0.88	0.68		0.81	0.87	0.85	0.7	0.96	0.82	0.87	0.2	0.75	0.69	0.42	0.9	0.55	0.88	0.96	0.44	-0.06	0.96	0.96	0.82	0.9	0.5
Total Stockholder Equity	0.86	0.74	0.64	0.81		0.96	0.71	0.97	0.83	0.76	0.96	0.15	0.68	0.85	0.37	0.85	0.52	0.79	0.83	0.42	-0.19	0.82	0.84	0.95	0.89	0.57
Property Plant And Equipment Net	0.91	0.88	0.68	0.87	0.96		0.86	0.89	0.89	0.76	1.0	0.13	0.69	0.72	0.29	0.83	0.53	0.91	0.85	0.41	-0.24	0.91	0.84	0.97	0.87	0.58
Net Debt	0.9	1.0	0.53	0.85	0.71	0.86		0.56	0.86	0.65	0.86	0.23	0.63	0.38	0.21	0.7	0.48	0.98	0.82	0.29	-0.27	0.95	0.76	0.84	0.72	0.54
Retained Earnings	0.74	0.59	0.57	0.7	0.97	0.89	0.56		0.71	0.66	0.89	0.09	0.57	0.86	0.37	0.81	0.41	0.65	0.73	0.47	-0.14	0.69	0.75	0.89	0.84	0.51
Accounts Payable	0.96	0.88	0.7	0.96	0.83	0.89	0.86	0.71		0.8	0.89	0.14	0.68	0.69	0.38	0.88	0.47	0.9	0.96	0.32	-0.27	0.96	0.93	0.84	0.9	0.39
Cash	0.84	0.71	0.58	0.82	0.76	0.76	0.65	0.66	0.8		0.76	0.08	0.78	0.61	0.45	0.83	0.51	0.74	0.78	0.13	-0.08	0.8	0.85	0.69	0.84	0.53
Non Current Assets Total	0.92	0.88	0.66	0.87	0.96	1.0	0.86	0.89	0.89	0.76		0.16	0.7	0.72	0.32	0.83	0.53	0.91	0.86	0.41	-0.25	0.92	0.84	0.98	0.87	0.59
Non Currrent Assets Other	0.28	0.22	-0.31	0.2	0.15	0.13	0.23	0.09	0.14	0.08	0.16		0.4	0.14	0.39	0.05	0.49	0.26	0.23	0.01	0.24	0.24	0.28	0.29	0.07	0.62
Cash And Short Term Investments	0.77	0.67	0.59	0.75	0.68	0.69	0.63	0.57	0.68	0.78	0.7	0.4		0.56	0.3	0.63	0.93	0.72	0.65	0.28	0.17	0.75	0.8	0.7	0.71	0.71
Net Receivables	0.64	0.41	0.62	0.69	0.85	0.72	0.38	0.86	0.69	0.61	0.72	0.14	0.56		0.46	0.79	0.44	0.47	0.72	0.42	0.07	0.58	0.77	0.7	0.8	0.37
Good Will	0.39	0.25	0.1	0.42	0.37	0.29	0.21	0.37	0.38	0.45	0.32	0.39	0.3	0.46		0.41	0.15	0.25	0.38	0.04	0.13	0.34	0.44	0.31	0.38	0.39
Common Stock Shares Outstanding	0.89	0.73	0.65	0.9	0.85	0.83	0.7	0.81	0.88	0.83	0.83	0.05	0.63	0.79	0.41		0.39	0.77	0.93	0.36	-0.12	0.85	0.93	0.77	0.99	0.41
Short Term Investments	0.57	0.5	0.5	0.55	0.52	0.53	0.48	0.41	0.47	0.51	0.53	0.49	0.93	0.44	0.15	0.39		0.55	0.43	0.31	0.3	0.57	0.62	0.57	0.5	0.68
Non Current Liabilities Total	0.95	0.99	0.57	0.88	0.79	0.91	0.98	0.65	0.9	0.74	0.91	0.26	0.72	0.47	0.25	0.77	0.55		0.87	0.29	-0.3	0.98	0.83	0.89	0.8	0.59
Inventory	0.96	0.84	0.58	0.96	0.83	0.85	0.82	0.73	0.96	0.78	0.86	0.23	0.65	0.72	0.38	0.93	0.43	0.87		0.37	-0.21	0.94	0.96	0.83	0.92	0.44
Other Current Assets	0.36	0.28	0.47	0.44	0.42	0.41	0.29	0.47	0.32	0.13	0.41	0.01	0.28	0.42	0.04	0.36	0.31	0.29	0.37		0.14	0.36	0.38	0.43	0.35	0.35
Other Stockholder Equity	-0.2	-0.26	-0.11	-0.06	-0.19	-0.24	-0.27	-0.14	-0.27	-0.08	-0.25	0.24	0.17	0.07	0.13	-0.12	0.3	-0.3	-0.21	0.14		-0.2	-0.04	-0.25	-0.13	0.22
Total Liab	0.99	0.97	0.64	0.96	0.82	0.91	0.95	0.69	0.96	0.8	0.92	0.24	0.75	0.58	0.34	0.85	0.57	0.98	0.94	0.36	-0.2		0.92	0.88	0.87	0.57
Total Current Assets	0.95	0.79	0.64	0.96	0.84	0.84	0.76	0.75	0.93	0.85	0.84	0.28	0.8	0.77	0.44	0.93	0.62	0.83	0.96	0.38	-0.04	0.92		0.81	0.95	0.51
Intangible Assets	0.9	0.85	0.56	0.82	0.95	0.97	0.84	0.89	0.84	0.69	0.98	0.29	0.7	0.7	0.31	0.77	0.57	0.89	0.83	0.43	-0.25	0.88	0.81		0.82	0.64
Common Stock	0.91	0.76	0.69	0.9	0.89	0.87	0.72	0.84	0.9	0.84	0.87	0.07	0.71	0.8	0.38	0.99	0.5	0.8	0.92	0.35	-0.13	0.87	0.95	0.82		0.45
Current Deferred Revenue	0.57	0.56	0.19	0.5	0.57	0.58	0.54	0.51	0.39	0.53	0.59	0.62	0.71	0.37	0.39	0.41	0.68	0.59	0.44	0.35	0.22	0.57	0.51	0.64	0.45

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Apollo Tyres Account Relationship Matchups

Apollo Tyres fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	232.5B	260.6B	267.0B	273.6B	269.6B	135.2B
Short Long Term Debt Total	77.8B	73.6B	69.8B	64.2B	49.1B	33.6B
Other Current Liab	126.6M	17.1B	16.4B	13.9B	12.1B	12.7B
Total Current Liabilities	57.1B	67.3B	74.5B	80.1B	70.4B	37.3B
Total Stockholder Equity	99.3B	114.4B	117.5B	128.8B	139.0B	146.0B
Property Plant And Equipment Net	161.2B	165.4B	172.6B	168.8B	163.4B	171.5B
Net Debt	70.5B	63.9B	61.1B	55.8B	39.9B	28.3B
Retained Earnings	61.3B	64.0B	67.2B	76.4B	104.8B	110.1B
Accounts Payable	23.1B	25.4B	32.8B	34.0B	29.8B	16.1B
Cash	7.4B	9.7B	8.7B	8.4B	9.1B	5.2B
Non Current Assets Total	177.7B	183.7B	188.6B	185.0B	179.3B	188.3B
Non Currrent Assets Other	4.7B	5.1B	5.1B	4.9B	768.4M	730.0M
Cash And Short Term Investments	7.5B	22.3B	15.4B	14.5B	14.1B	8.4B
Net Receivables	9.4B	16.8B	22.0B	26.6B	26.6B	28.0B
Good Will	2.1B	2.2B	2.2B	2.3B	2.3B	1.7B
Short Term Investments	76.2M	12.6B	6.7B	6.1B	4.9B	3.9B
Liabilities And Stockholders Equity	232.5B	260.6B	267.0B	273.6B	269.6B	135.2B
Non Current Liabilities Total	76.1B	78.9B	75.0B	64.7B	60.1B	35.7B
Inventory	32.1B	33.2B	41.6B	44.3B	42.5B	23.1B
Other Current Assets	199.3M	7.3B	5.6B	6.9B	7.1B	7.5B
Other Stockholder Equity	103.3B	(76.7B)	22.4B	31.3B	31.3B	37.8B
Total Liab	133.2B	146.2B	149.5B	144.8B	130.6B	73.0B
Total Current Assets	54.8B	76.9B	78.5B	88.6B	90.3B	46.5B
Accumulated Other Comprehensive Income	(81.7B)	17.1B	18.4B	20.4B	2.2B	2.3B
Intangible Assets	7.6B	7.6B	7.4B	7.9B	7.9B	8.2B
Current Deferred Revenue	15.8B	20.9B	18.9B	7.6B	12.0B	14.7B
Short Term Debt	18.1B	18.1B	20.1B	20.2B	15.2B	14.1B
Other Liab	16.2B	16.4B	23.5B	24.5B	28.2B	16.4B
Net Tangible Assets	94.9B	93.8B	108.4B	111.4B	128.1B	88.2B
Other Assets	9.2B	11.2B	8.4B	3.7B	(1.0)	(0.95)
Long Term Debt	51.4B	48.1B	44.1B	37.9B	26.7B	32.5B
Deferred Long Term Liab	3.3B	4.1B	3.9B	3.4B	3.9B	2.7B
Short Long Term Debt	16.2B	3.0B	17.1B	18.0B	12.7B	11.7B
Property Plant Equipment	161.4B	165.4B	172.6B	168.8B	194.2B	125.5B
Long Term Debt Total	59.7B	55.4B	50.5B	44.0B	50.6B	43.5B
Capital Lease Obligations	10.3B	9.3B	8.7B	8.3B	9.6B	6.4B

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Apollo Retained Earnings vs Total Current Liabilities Analysis

Retained Earnings vs Total Current Liabilities

Retained Earnings vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Retained Earnings

Total Current Liabilities

Apollo Tyres fundamental ratios Correlations

Apollo Tyres Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Apollo Tyres fundamental ratios Accounts

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Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Common Stock	+ 0.99	Common Stock Shares Outstanding
Non Current Liabilities Total	+ 0.98	Net Debt

Non Currrent Assets Other	- 0.31	Other Current Liab
Other Stockholder Equity	- 0.3	Non Current Liabilities Total
Other Stockholder Equity	- 0.27	Accounts Payable
Other Stockholder Equity	- 0.27	Net Debt
Other Stockholder Equity	- 0.26	Short Long Term Debt Total
Intangible Assets	- 0.25	Other Stockholder Equity